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Malaysia Market Review: The FBM KLCI index rose by 0.3%, continuing its recovery with over half of its components gaining. Lower liners had mixed results. The Telecommunications & Media sector led gains at +2.1%, while the Energy sector was the weakest, dropping 0.2%.
Wall Street saw a pullback across all three major indices due to renewed concerns over tariff policies, particularly after U.S. President Donald Trump hinted at new automotive import tariffs. European markets also declined due to tariff threats, while Asian markets mostly rose, driven by tech stock gains.
The FBM KLCI held above the 1,500 level, but negative sentiment from Wall Street may pressure Malaysian stocks today. New tariff developments, especially on copper and auto imports under the Trump administration, are expected to influence markets. Investors are awaiting Malaysia’s PPI data (showing recent improvement) and U.S. Q4 2024 GDP data, both due today.
Defensive sectors like REITs, Healthcare, and Utilities are favored amid volatility. The Energy sector is also in focus due to rising oil prices from lower U.S. inventories and supply constraints tied to U.S. sanctions.
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